For example,
Overseas Shipholding Group (
equity ticker OSG) is a deeply junk rated oil tanker company that has seen its
bonds drop from trading around par (par means 100 cents on the dollar when comparing the market price to the face amount of the
bonds) to distressed levels between 60
and 70 cents on the dollar.
And arguably, it's not an over-crowded market — we've seen some of the biggest (alternative) funds in the world show up to bid for & buy Irish property loans / assets (and, famously, the bond market), but the overseas institutions investing in the Irish equity market haven't actually changed all that much from those I recall over the past deca
And arguably, it's not an over-crowded market — we've seen some of the biggest (alternative) funds in the world show up to bid for & buy Irish property loans / assets (
and, famously, the bond market), but the overseas institutions investing in the Irish equity market haven't actually changed all that much from those I recall over the past deca
and, famously, the
bond market), but the
overseas institutions investing in the Irish
equity market haven't actually changed all that much from those I recall over the past decade.